LTC/USD Medium-term Trend: Bullish
Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40
Yesterday, the LTC price has been in a bullish trend. The cryptocurrency is out of its previous range-bound levels of $60 and $50. Yesterday, the price was at $64 which was a support level. Today, the price is still in a bullish trend and approaching the high of $75. However, the cryptocurrency is likely to face resistance at the price of $68.
Also, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 64 which indicates that price is in the bullish trend zone.
LTC/USD Short-term: Bullish
On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.
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